New Welllink to build 25ktpa zinc powder project in Jiangsu

Hunan New Welllink Advanced Metallic Material Co., Ltd. announced that it?plans to enter into an agreement with the management committee of Rudong Coastal Economic Development Zone in Jiangsu for a 25,000tpa ultra-thin high-purity functional zinc powder material project, with a planned investment of RMB500 million (USD69.14 million) and a construction period of 18 months.

The company also plans to set up a wholly-owned subsidiary with registered capital of RMB50 million (USD6.91 million) in Rudong, Jiangsu, in a bid to meet demand for high-quality zinc powder from existing and potential clients in eastern China.